WASHINGTON (AP) — U.S. job growth surged and unemployment fell last month, an unexpected show of strength that may prove costly to homebuyers and businesses who were counting sharply lower interest rates that would lower the cost of buying everything from refrigerators to homes.
Job growth rose 212,000 last month from November, the Labor Department reported Friday.
The U.S. continued to create jobs steadily throughout 2024, 2.2 million in all, yet that growth has slowed as the explosion of hiring that followed the pandemic begins to normalize. The number of jobs created last year was down from the 3 million added in 2023, the 4.5 million in 2022, and the
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